Electronic Game Card, Inc (fka EGMIQ)

[pegasus1]

So, if the cash really did exist at some point, it was generated through revenues and profits or possibly by issuance of shares not included in share counts (Rawnoc first pointed out the share discrepancies, confirmed somewhat through LC's poignant, if not smelly disclosure). Share count discrepancies mentioned in the last company disclosure as well.

Another issue I can't wrap my mind around is that any subsidiary of EGMI, if greater than 20% owned, would have been subject to consolidation reporting. Meaning that any assets or cash owned by subs is includable in the assets of the consolidated entity. So if assets were 'sold' or transferred to a non-subsidiary, what was the consideration for doing so?

None of it makes any sense at all.